Report: Apple music streaming nixed over royalties | iLounge News

Report: Apple music streaming nixed over royalties

Apple planned to build its own Pandora-style music streaming service—allegedly as a new iPhone 5 feature—until talks with the world’s largest music publisher Sony/ATV reached a late impasse, according to the New York Post. The two companies couldn’t agree on a per-song rights fee, sources said, dashing the possible deal. While those rights are normally a tenth of a penny per stream, Sony/ATV sought a higher rate from Apple. According to the report, Sony/ATV is also reportedly set to leave the ASCAP and BMI copyright associations, throwing a wrench into future negotiations with other services over streaming rights. [via CNET]

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Can I slap both these companies?

Apple: Guess what? You’re falling behind instead of leading. More and more, your overpriced hardware is merely the agnostic platform that users are utilizing to access someone else’s services (Netflix, HBO, Hulu, Pandora, Spotify, podcasting, Youtube, Amazon etc.). So, for crying out loud, if you have to cut back on your massive, industry leading profit margins a little bit to build something that might just keep people married to your platform, you might want to think about it instead of deciding you can’t afford more than a $0.001/song, because guess who’s not going to worry about these details? Jeff Bezos, who is building media services that make your services, including iCloud, look like amateur hour stuff.

Sony: Guess what? Your entire back catalog, your ENTIRE back catalog, was “stolen” ages ago. Streaming is your way of invalidating all that so-called IP theft and using the carrot of convenience to continue to generate profit off of your massive back catalog. On demand streaming services are clearly a big part of the picture going forward and Apple is, for now, still the single biggest music retailer and the single biggest vendor for portable entertainment devices. If something causes Apple to lose this position, you’ll be dealing with Amazon and they most certainly do not give a pig’s fart about accommodating antiquated labels that have outlived their usefulness in the world.

Posted by Code Monkey on September 28, 2012 at 5:36 PM (CDT)

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